Good morning Wake-up Watchlisters! While you’re sipping coffee you’ll see stock futures edged higher on Wednesday as investors took in earnings from Microsoft and Alphabet (see more below). Meta is the next big tech company to report earnings, and it’s looking like the Fed will overwhelmingly raise interest rates in its statement on Wednesday.

While the markets were flashing bright red in early 2023, our War Room tacticians were figuring out ways to profit. Lead Fundamental Tactician Karim Rahemtulla saw an opportunity that resulted in his bank account growing $2,500 DAILY.

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Here’s a look at the top-moving stocks this morning.

PacWest Bancorp (Nasdaq: PACW)

PacWest Bancorp is up 32.12% premarket after agreeing to combine with smaller rival Banc of California. The all-stock deal would end the independence of the regional lender that came under intense scrutiny following the downfall of Silicon Valley Bank.

Our Lead Fundamental Tactician Karim Rahemtulla has been pounding the table on the big banks in The War Room. Last week he took a 30.84% winner on ZION in 6 trading days.

Click here to unlock the latest bank trades in The War Room.

Alphabet (Nasdaq: GOOG)

Google is up 5.95% premarket after the google parent company reported $74.6 billion in revenue, beating Wall Street’s expectations for $72.75 billion. It also announced its CFO Ruth Porat would take the newly created role of president and chief investment officer.

Our Lead Technical Tactician Nate Bear has been avoiding the tech sector this week to manage risk. Instead, he’s been sticking to his TPS system and only trading stocks that match his criteria.

Click here to unlock his latest trade in the electric vehicle sector.

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Snap Inc. (NYSE: SNAP)

Snap is down 18.47% premarket despite topping revenue estimates for the second quarter. The social platform gave a weak third quarter guidance that disappointed investors. Scott Kessler, Global Sector Lead for Technology Media and Telecom says investors may be starting to grow impatient with the company, adding “I think sometimes with Snap, it seems like there is a lack of a sense of urgency coming from company leadership.”

Microsoft (Nasdaq: MSFT)

Microsoft is down 4% in premarket after fourth-quarter earnings revealed a sequential decline in Azure cloud revenue. The tech giant reported cloud growth was down 1 percentage point from last quarter, and Azure growth has declined every quarter since Q3 2022.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team